Up-and-Down Duplex with Large
New
For Sale
$470,000
7901 Northwind Ave, Anchorage, AK 99504
Two spacious units feature open layouts, while the upper residence includes an expansive outdoor deck.
Property Size2,464 SF
Price / SF$190.75
Days on Market7
Property Features for 7901 Northwind Ave
General Information
Standard status
Active
Size
2,464 SF
Property subtype
Multi-Family
Amenities
deck
Building Details
Year Built
1979
Listing Agency:
LPT Realty
(877) 366-2213
Listed By:
Nate Baer
Source:
Kachemakgrouprealestate
Added: Aug 24
Changed: Aug 28
Last Checked: Aug 29 at 12:25PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of LPT Realty
Investment Insights
Based on property information with market context.
This 2,464-square-foot duplex is arranged in an up-and-down configuration, with one unit positioned above the other. Both units offer generous room sizes and open floor plans, providing flexible interior space within the two-unit layout. The property was built in 1979 and has received some updates.
An oversized second-floor deck adds substantial outdoor space to the upper unit and can accommodate entertaining or everyday use. The duplex occupies a large lot at 7901 Northwind Ave in Anchorage, Alaska.
An oversized second-floor deck adds substantial outdoor space to the upper unit and can accommodate entertaining or everyday use. The duplex occupies a large lot at 7901 Northwind Ave in Anchorage, Alaska.
Key Highlights
- 2,464 SF duplex with an up‑and‑down unit configuration
- Large units with open floor plans
- Huge second‑floor deck for outdoor entertaining
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$36,185
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.70%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$723,700
$723.7K
Cap Rate 7%
$516,929
$516.9K
Cap Rate 9%
$402,056
$402.1K
Market Conditions
NOI Build-Up for 2,464 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$54.7K $22.20/SF
− Vacancy
−$3.0K −$1.22/SF
EGI
$51.7K $20.98/SF
− OpEx
−$15.5K −$6.29/SF
NOI
$36.2K $14.69/SF
Area
Anchorage, AK
Vacancy
5.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$723,700
Cap Rate 7%
$516,929
Cap Rate 9%
$402,056
Alternative Uses
Best Use
Multifamily LT 5
$516.9K
$452.3K – $603.1K
NOI $36,185 @ 7.0% cap · market cap 7.70%
Second Best
Apartment 5plus
$452.4K
$395.9K – $527.9K
NOI $31,671 @ 7.0% cap · market cap 6.74%
Theoretical Best
Specialty Retail
$669.1K
$585.5K – $780.6K
NOI $46,836 @ 7.0% cap · market cap 9.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Demographics for 99504, AK
42,375
Population
17,720
Households
2.4
Avg Household Size
34
Median Age
31%
College-Educated
91%
High-School Grad
36.8 sq mi
ZIP Area
1,151
Density / Sq Mi
$83,338
Median Household Income
$46,883
Median Earnings
$1,529
Median Rent
$309,200
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two spacious units feature open layouts, while the upper residence includes an expansive outdoor deck.
Where is this duplex located?
The property is located at 7901 Northwind Ave Anchorage, AK.
What is the asking price?
The asking price for this property is $470,000.
What are key features of this property?
This property features: 2,464 SF duplex with an up‑and‑down unit configuration; Large units with open floor plans; Huge second‑floor deck for outdoor entertaining
